29th Feb, 2016 :- NIFTY - Realtime :- Point & Figure [20 x 2]

NIFTY - Index had breached support of 6950/- & slided 100/- points below till 6940/- but recovered and now, its testing high. BUY, is suggested above 7100/-

27th Feb, 2016 :- NIFTY [Index] - Weekly Chart

NIFTY [Index] - Index still has some room for correction upto 6825/- level. If sustains to close & hold above the level in Weekly Charts, upside can be expected. Its in Elliott  4th Wave correction phase for now.

25th Feb, 2016 :- BANKNIFTY - Daily :- Index Chart with RSI

BANKNIFTY - Daily :- Index still has some room for correction upto 13200/- level, which is strong support zone.
One can enter Long on that level, as Divergence has been building between Price & 14-Period RSI.

24th Feb, 2016 :- ANDHRABANK - Realtime :- Point & Figure [0.5 x 2]

ANDHRABANK - Realtime :- Stock can be bought above 48/- for Target of 52/- with SL of 46/-

Trade is yet to Trigger, Keep Watch!!

24th Feb, 2016 :- NIFTY - Realtime :- Point & Figure [20 x 2]

NIFTY - Realtime :- Index breached uptrend channel & support @ 7120/- likely to test lows in coming sessions.

23nd Feb, 2016 :- BANKNIFTY - Daily :- Technical Chart with Indicators!!

BANKNIFTY - Daily - Index has closed below support & looking to test 13800/- level. If closes below it, more downside upto 13200/- level can be expected in coming sessions.

22nd Feb, 2016 :- BANKNIFTY - Weekly :- Technical Chart with Indicators!!

BANKNIFTY - Weekly :- Index looks set for a bounce back. Support for RSI & High Volume during previous week, suggests an Upside Change in Trend is likely.

The two Fibonacci Retracements are :-
 1) Drawn between Lifetime High/Low of Banknifty.
 2) Drawn between Low after 2008 Crash to Lifetime High of Banknifty.

Also, the last candle is yet to complete. So, one can confirm with small time frame charts for precise LONG entry.

21st Feb, 2016 :- NIFTY - Weekly :- Technical Chart with Indicators!!

NIFTY (Index)- Weekly :- Index has closed above its resistance of 7167/- If this level is hold, it can see upto 7400/- in coming sessions.

Also, a breakout is already given in Realtime Point & Figure Chart of NIFTY, which can be seen in previous post of 19th Feb, 2016.

19th-Feb, 2016 :- NIFTY - Index - Realtime :- Point & Figure [20 x 2]

NIFTY - Realtime :- Index has given a breakout at 7220/- and heading towards 7350/- One can enter BUY at Current Level & Trail with SL of 7120/-

18th-Feb, 2016 :- NIFTY - Index - Realtime :- Point & Figure [20 x 2]

NIFTY - Realtime :- Index has tested previous high of 7200/- and heading for correction. Breakout above 7220/- can be taken as BUY. No, shorting for now. Long X's Column shows, Index still got strength & likely to give a breakout in coming sessions.

NIFTY - Index - Realtime :- Point & Figure [20 x 2]

Updated on :-[16th February, 2016] :-

NIFTY - Index is back to the support region of 7040/- One can SHORT below 6940/- Can test lows in coming sessions.

NIFTY Index - Realtime with P&F Chart [20x2]

NIFTY - Realtime :- Index still weak & below downtrend Channel. BUY is suggested only above 7040/- & can test upto 7200/- Else, SELL below 6940/- for 6800/-

Tracking NIFTY Index with Point & Figure [50x2]

NIFTY Index is likely to test its low of 7241.5/- If manages to hold & remain above it, a double bottom pattern can be seen & reversal can be expected. Else, in longer period of time, it looks weak as it has already Closed below its support of 7366/- so, can see upto 6800/- in longer side.

According to Point & Figure Chart of NIFTY Index (Daily), it is well below its 45-degree downtrend channel & likely for testing another low.

Yes!! We're Coming Back Here!!

In Due Respect to many followers & traders, I shall be updating my blog once again from Next week onwards!!

Thanks, Regards!!

-Basu T.
08904825900

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